The SPACE4Growth and Jobs event brought together NEREUS representatives, European Institutions, the European GNSS Agency (GSA), national space agencies, industry and academia to highlight the fundamental role space plays in fostering new business and economic growth, creating high-skilled jobs and addressing societal and economic challenges for the benefit of European regions and their citizens.
The GSA recently joined SPACE4Growth and Jobs, an event organised by the Network of European Regions Using Space Technologies (NEREUS) and the EU Committee of the Regions and attended by representatives of European institutions, national space agencies, industry and academia.
The event focused on the fundamental role that space plays in fostering new business and economic growth, creating high skilled jobs and addressing societal and economic challenges for the benefit of European regions and their citizens.
A Tangible Return on Investment
The fourth edition of the GSA’s GNSS Market Report serves as a key reference for all organisations, public and private, building their GNSS market strategies. During the event, GSA Head of Market Development Gian Gherardo Calini outlined the GSA’s focus on supporting downstream applications of European GNSS technologies and generating a tangible return on investment for Galileo and EGNOS.
“Europe’s GNSS investment is starting to deliver results now – and it will deliver more despite obstacles and complexities,” he said. “In particular, the Market Report shows the very high impact that GNSS has and will have on the economy and society in sectors ranging from agriculture to aviation.”
The EU currently has more than 25% of the global GNSS industry market share. In addition, nearly 70% of GNSS receivers sold around the world are EGNOS-enabled, and 38% of receivers in the global market are already enabled for the Galileo system. “The market is waiting for us,” said Calini. “With more than four billion GNSS enabled devices already in the world, this is a potential goldmine for business.”
This was a message echoed by other speakers, including the ESA’s Michel Praet, who noted that Europe’s regions were key players in the EU’s space policy. He noted that both Galileo and Copernicus have been reintegrated into the EU’s current Multiannual Financial Framework and that the EU has allocated roughly €5 billion a year to its space programmes.
To further support the market, various programmes and funding opportunities are in place. For example, the annual European Satellite Navigation Competition and the Horizon 2020 funding programme both aim to encourage innovation in space technologies across Europe’s regions.
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